$BAND

Analysts cover five stocks: Dave (DAVE) initiated at Buy with a $480 target, citing revenue growth and profit margins. Etsy (ETSY) upgraded to Buy with $90 targets, highlighting AI-driven improvements and cost reductions. FuelCell Energy (FCEL) rated Hold with a $19 target, noting risks and opportunities. Union Pacific (UNP) upgraded to Buy with a $339 target, expecting volume gains and potential merger upside. Bandwidth (BAND) initiated at Hold with a $60 target, citing growth concerns.

Credo Technology (CRDO) will showcase 1.6T optical connectivity solutions for AI networks at ECOC 2026. The tech, including 1.6T 2xDR4 modules, targets rising bandwidth demands in AI and cloud infrastructure. Q1 2027 revenue was $479M, up 114.7% YoY. CRDO stock is up 21% YTD, with guidance for Q2 revenue of $525M-$535M.

Analysts made several rating changes: Wolfe upgraded Paychex (PAYX) citing stable employment trends. UBS upgraded Union Pacific (UNP) to Buy with a $339 price target, expecting strong 2027 volume growth. Needham upgraded Rocket Pharmaceuticals (RCKT) to Buy with a $9 target after FDA reaffirmed study design. JPMorgan upgraded Credicorp (BAP) to Overweight with a $482 target, seeing strong EPS growth. Morgan Stanley downgraded Expedia (EXPE) to Underweight with a $235 target, citing weaker assets

Ligent Technologies, a supplier of optical transceivers and chips, is set to list in Hong Kong, raising HK$5.67 billion. The company, originally focused on broadband infrastructure, has shifted to AI and cloud-computing demand, with data-communications transceivers now making up 69.4% of its revenue. Its revenue grew from RMB4.24 billion in 2023 to RMB8.35 billion in 2025, with first-half 2026 revenue at RMB5.39 billion, up 27.9% year-over-year.

Micron Technology (MU) reports strong sales and profits due to high demand for memory and storage products. The company plans to double production of high-bandwidth memory (HBM), aiming for 100,000 wafers per month by 2026, which could further boost financial results. Micron's stock has surged 240% this year, and its Q4 earnings report on Sept. 30 may provide strong guidance for the new fiscal year.

Former Bandwidth Inc. (BAND) officer R. Brandon Asbill filed a Form 144 to sell 7,550 shares, including 4,550 vested restricted shares and 3,000 open-market-purchased shares, with a market value of $368,666.50. Asbill sold 1,832 shares in the prior three months. Bandwidth has 30,222,760 shares outstanding.

Apple announced the A20 Pro chip for the iPhone 18 Pro lineup, featuring a 7-core GPU with 40% faster graphics, a 32-core Neural Engine, and 50% more memory bandwidth. Built on TSMC’s 2nm process, it marks a significant leap in performance and efficiency. The chip is designed to support AI workloads and advanced graphics, with implications for the broader chip supply chain.

Chinese AI chipmakers Huawei, Cambricon, MetaX, and Iluvatar CoreX have raised prices for AI processors due to a shortage of high-bandwidth memory (HBM). Huawei's Ascend 950DT card price increased 20-50%, while Cambricon's next-gen chip saw a 20-30% price hike. The shortage, exacerbated by U.S. export controls, is driving up costs and reshuffling supply allocations, with Iluvatar CoreX doubling GPU shipments to ByteDance.

A joint venture secured a $141M CMBS loan from Cantor Fitzgerald to refinance a 535,000-sq-ft office campus in Raleigh, NC, fully leased to Bandwidth (BAND). The complex, opened in 2023, includes office, fitness, and event spaces, and serves as Bandwidth's global HQ.

Microsoft released Project Zenith, a Windows 11 version for AI developers, optimized for high-performance devices with 64GB+ RAM and 250GB/s bandwidth. It debuts on AMD's Ryzen AI Halo platform and includes pre-installed developer tools. The OS aims to reduce AI token costs by enabling local model execution, but its high hardware requirements may limit accessibility.